Insurers Drop 2nd Circ. Appeal Of Milberg Coverage Suit

Law360, New York (April 27, 2011, 7:15 PM EDT) -- Two insurers on Tuesday dropped their Second Circuit appeal of a decision to dismiss their suit against Milberg LLP, which allegedly owed at least $5 million for defense coverage in cases related to a kickback scheme at the firm.

Lloyd's of London underwriters and Zurich Specialties London Ltd. reached a negotiated stipulation with Milberg and individual defendants to withdraw their appeal, according to a mandate issued Tuesday.

Attorneys representing Lloyd's and Milberg declined to comment on the agreement. A spokeswoman for Milberg could not immediately be...
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Case Information

Case Title

Certain Underwriters at Lloyd's, et al v. Milberg LLP et al


Case Number

1:08-cv-07522

Court

New York Southern

Nature of Suit

Insurance

Judge

Loretta A. Preska

Date Filed

August 26, 2008

Law Firms

UK Financial Services

UK Financial Services

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